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4
May 2018
 |
India
(The Total Investment & Insurance Solutions)
Though
India has slipped three places to the 11th position in the latest A.T. Kearney
Foreign Direct Investment (FDI) Confidence Index, the country remains among the
top investment destinations due to its market size and rapid economic growth,
according to the annual survey for 2018.
A.T.
Kearney FDI Confidence Index, which tracks the impact of likely political,
economic and regulatory changes on the foreign investment preferences of CEOs
and CFOs, placed the US in the top position for investment intentions with
Canada rising to second place, while Germany fell to the third.
India
fell out of the top 10 for the first time since 2015. It was ranked eighth last
year. The Total Investment & Insurance Solutions
The
report said a possible factor for the fall could be the coming elections in
India, as investors are likely to be monitoring political risks.
It
also said the International Monetary Fund projects India's economy to grow at
7.4 per cent in 2018-19, the fastest by any major economy, while inward FDI
flows have increased to a record high of around $45 billion in 2017.
"We
are in a very exciting space of growth, opportunity and transformation. For
long, India has been a very exciting destination for investors. And now
especially with the current political stability and positive reforms environment,
India will only gain its attractiveness as an investment destination,"
A.T. Kearney India MD and Country Head Vikas Kaushal said in a statement
here.
"Notable
reforms that have had a positive impact on India's attractiveness include the
elimination of the Foreign Investment Promotion Board, a government agency
responsible for reviewing all potential foreign investment, and the
liberalisation of foreign investment thresholds for the retail, aviation, and
biomedical industries," the statement said. The Total Investment & Insurance Solutions
According
to the report, Japan, the US, the UK, and Singapore consistently serve as large
sources of FDI for India, while the service sector is a target of particular
interest for investors.
The
government's Economic Survey 2017-2018 noted that inward FDI into the service
sector will grow 15 per cent in 2018.The Total
Investment & Insurance Solutions
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